Economic, regulatory, political and foreign-exchange risks associated with overseas operations
First written in FY2016. 4 of 19 entries say "Restated". Latest entry: 2026-05-15.
The whole theme swung hardest in 2025: 72 of 118 companies on the "Worse" side.
- 2026-05-15MitigatedRevision of earnings forecasts
「This was mainly due to a foreign exchange gain arising from the yen-dollar exchange rate and deferred income taxes recognized for tax-effect accounting in connection with the sale of fixed assets in the hotel business.」
Unlike the foreign exchange loss recorded previously, a foreign exchange gain arising from the yen-dollar exchange rate contributed to the upside in profit this time. - FY2025MaterialisedAnnual report
「Foreign exchange losses 14,515」
Regarding foreign exchange risk associated with overseas activities, the company recognized ¥14.515 million in foreign exchange losses in the fiscal year ending March 2025, indicating that foreign exchange effects have materialized in its results. - FY2025-H1MaterialisedAnnual report
「Foreign exchange losses － 34,204」
Regarding foreign exchange risk associated with overseas activities, the company recognized ¥34.204 million in foreign exchange losses during the interim consolidated accounting period, indicating that foreign exchange effects have materialized in its results. - FY2023-Q3RestatedAnnual report
「Through its investment business at Striders Global Investment Pte. Ltd., the Company has invested in 2 companies located in the Democratic Socialist Republic of Sri Lanka, where economic disruption is a concern. Both companies had already focused on expanding their businesses outside Sri Lanka, and the Sri Lankan rupee accounts for a low proportion of the currencies used as the base currencies for their business activities. Accordingly, the Company believes that the impact of the country's economic disruption is sufficiently under control at present.」
The company again explains that it is able to control the impact adequately because of its focus on overseas operations and the low weighting of the Sri Lankan rupee, while describing Sri Lanka's economic turmoil and its impact on 2 investee companies. - FY2023-Q2RestatedAnnual report
「Through its investment business at Striders Global Investment Pte. Ltd., the Company has invested in 2 companies located in the Democratic Socialist Republic of Sri Lanka, where economic disruption is a concern. Both companies had already focused on expanding their businesses outside Sri Lanka, and the Sri Lankan rupee accounts for a low proportion of the currencies used as the base currencies for their business activities. Accordingly, the Company believes that the impact of the country's economic disruption is sufficiently under control at present.」
The company again explains that it is able to control the impact adequately because of its focus on overseas operations and the low weighting of the Sri Lankan rupee, while describing Sri Lanka's economic turmoil and its impact on 2 investee companies. - FY2023-Q1Managing the impact amid Sri Lanka's economic turmoilAnnual report
「Through its investment business at Striders Global Investment Pte. Ltd., the Company has invested in 2 companies located in the Democratic Socialist Republic of Sri Lanka, where economic disruption is a concern. Both companies had already focused on expanding their businesses outside Sri Lanka, and the Sri Lankan rupee accounts for a low proportion of the currencies used as the base currencies for their business activities. Accordingly, the Company believes that the impact of the country's economic disruption is sufficiently under control at present.」
The company describes Sri Lanka's economic turmoil and its impact on 2 investee companies, while explaining that it is currently able to control the impact adequately because of its focus on overseas operations and the low weighting of the Sri Lankan rupee. - FY2022-Q3Signs of recovery in overseas economies, including IndonesiaAnnual report
「Although the Asian economy, particularly Indonesia's economy, where the group has significant investment exposure, remains in a severe condition, signs of a recovery are also emerging.」
The company states that although Indonesia's economy, where it has significant investment exposure, remains in a severe condition, signs of a recovery are also emerging. - FY2022-Q2Overseas economies begin to recover despite virus variantsAnnual report
「During the six-month period ended 30 September, the Japanese and Asian economies remained in difficult conditions as COVID-19 variants spread, but signs of a rebound also began to emerge.」
The company states that although overseas economies, including those in Asia, remain under pressure as virus variants spread, signs of a recovery have begun to emerge. - FY2022-Q1WorsenedAnnual report
「In Asia, as COVID-19 variants spread, Southeast Asian countries such as Indonesia experienced successive resurgences of infections and, as vaccination progressed in Europe and the United States, were becoming the global epicenter of infections.」
In Southeast Asian countries, including Indonesia, where the overseas business operates, infections are repeatedly resurging, increasing risks to the economic environment. - FY2021RestatedAnnual report
「In the Asian economy, signs of an economic recovery are emerging in China, Taiwan and Vietnam, which have successfully contained the novel coronavirus pandemic. However, in countries struggling to contain infections, including India, where new infections continue to rise, as well as Indonesia and Thailand, the economic impact is continuing for an extended period.」
Differences in recovery by country continue across Asia, while difficulties containing infections and the prolonged economic impact in Indonesia, Thailand and elsewhere remain overseas business risks. - FY2021-Q3WorsenedAnnual report
「In the Asian economy, many countries are struggling to contain the pandemic, including Indonesia, which has the highest number of cases in Southeast Asia, and India, which has the world's second-highest number after the United States. The economic impact of lockdowns and other measures is therefore continuing for an extended period.」
The company states that many countries, including Indonesia and India, are struggling to contain infections and that the economic impact of lockdowns and other measures is continuing for an extended period. - FY2021-Q2Differences in recovery by country and prolonged overseas economic slowdownAnnual report
「In the Asian economy, recovery is progressing in China and Vietnam, which successfully contained the novel coronavirus pandemic. In India, the Philippines and Indonesia, however, the number of new infections remains high, and the economic slowdown is becoming prolonged.」
Regarding the regions where the overseas business operates, recovery is progressing in China and Vietnam, while infection numbers remain high in India, the Philippines and Indonesia, prolonging the economic slowdown. - FY2021-Q1WorsenedAnnual report
「In the Asian economy, China, which is said to have successfully contained the novel coronavirus pandemic, is showing signs of a rapid recovery. However, in other countries, including India, Thailand and Indonesia, economic conditions remain extremely severe because of the impact of the pandemic.」
The company specifically describes the deterioration in economic conditions caused by the pandemic in Asian countries, including Indonesia, where the overseas business operates. - FY2020WorsenedAnnual report
「Although Indonesia, where the overseas business provides advertising agency services to Japanese companies, has potential for economic growth, it faces internal risks, including geopolitical and management risks, and the operating environment remains uncertain, including the impact of the novel coronavirus pandemic.」
In addition to the conventional economic, political and foreign exchange risks affecting the overseas business, the company specifies Indonesia's geopolitical and internal management risks, as well as the impact of the novel coronavirus pandemic. - FY2019Full-year effects of currency depreciation and restrained advertising and promotional activity disclosedAnnual report
「Ahead of the presidential election held in April this year, local companies restrained their advertising and promotional activities last year, while the Indonesian rupiah also depreciated,」
For the Indonesian business, the restraint of advertising and promotional activities by local companies before the election and the weaker Indonesian rupiah are identified as full-year business conditions. - FY2019-Q3Currency effects stabilize, while pre-election advertising cuts become apparentAnnual report
「Although the depreciation of the Indonesian rupiah has stabilized, local companies are increasingly curbing advertising and promotional expenses ahead of the presidential election scheduled for April this year,」
The impact of the weaker Indonesian rupiah has stabilized, while local companies' efforts to curb advertising and promotional spending ahead of the presidential election are identified as part of the actual business environment. - FY2019-Q2MaterialisedAnnual report
「Although transactions with existing customers grew steadily, the weaker Indonesian rupiah has increased the cost of purchases from overseas,」
In the overseas business, the currency risk previously anticipated as a foreign exchange fluctuation risk has materialized as higher purchase costs due to the weaker Indonesian rupiah. - FY2017RestatedAnnual report
「The following risks may arise in our overseas business activities, and if any of these events occurs, it may affect the group's performance and financial position.」
For its overseas business, the disclosure continues to list risks related to economic conditions and competition, laws and regulations and taxation, social unrest, political factors, and currency and foreign exchange fluctuations. - FY2016First statedAnnual report
「The following risks may arise in our overseas business activities, and if any of these events occurs, it may affect the group's performance and financial position.」
The risks listed include economic conditions, competition, laws and taxation, social instability, political factors, and currency and foreign-exchange movements.